Old Colony Trust Co. v. Allen

The petitioner as trustee under a declaration of trust executed by Preston V. Chapin under date of December 10, 1917, prays the instruction of the court as to the disposition of the fund in its hands, which consists of securities and cash of an accounting value of a little over $11,000.

The declaration of trust provided for the payment of the income to the settlor during his life and upon his death to *41Mary V. Hickey (who later married Andrew W. Phillips and is hereinafter referred to as Mrs. Phillips) during her life, with a general power to Mrs. Phillips to dispose of the principal “by her…